Return on Average Tangible Equity ROE

Return on Average Tangible Equity ROE. Shall mean net income, excluding the after tax effect of intangible amortization, divided by average common shareholders' equity, excluding intangible assets, consistent with the calculation of such measure in accordance with United States generally accepted accounting principles, reported in the Corporations' quarterly earnings releases. Intangible assets for purposes of the calculation of ROE will include goodwill, core deposit intangibles and other intangible assets.